The Hexagon of Local Economic Development
The Hexagon is a framework to organise LED training events. It organises the key issues in territorial development around six triangles. Moreover, it is the basis of a number of formats for quick workshops to clarify local stakeholders' perspective at LED.
The Hexagon is the sum of six triangles:
- The target group of LED: Local firms, start-ups, and external investors
- Locational factors: Tangible factors, intangible factors relevant for firms and for individuals
- Synergy: The relationship between economic development, urban / spatial planning and social development
- Sustainability: Combining economic, ecological and social development
- Governance: The relationship between the public sector, the private sector, and local communities
- Process: LED as an iterative process of analysis, action and adjustment
Additional resources
Read more on the Hexagon
Mesopartner Working Paper 03 - The Hexagon of Local Economic Development
Mesopartner Working Paper 05 - The Hexagon of Local Economic Development and LED in South Africa
Mesopartner Working Paper 15 - Revisiting the Hexagon of LED as a framework to strengthen LED initiatives